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...﻿Title
Study Skills (Including Personal Development Planning and Employability Skills)
Relevant Degree Programmes
All BA and BSc (Hons) Programmes:
Semester Available
From Autumn 2013
Credits
20
Level
4
Module Leader
Keith Brockbank
Mode of Attendance
Full-time
Rationale
The Study Skills Module (SSM) is intended as a foundation for academic studies in the UK educational system, and is specifically tailored for students at Greenwich School of Management (GSM London). Students vary greatly in their past experiences in education, and many are uncertain of the standards expected of them in a UK institution, many find difficulties in making the transition to higher education. This module attempts to address any potential problem by providing support in the development of good academic practices and effective communications. It is particularly important to establish standards regarding how a student’s work will be assessed and this module will provide clarity regarding what is required of students.
This module is concerned with the development of key business and learning skills to assist in the transition to a business programme at higher education level. The module will also introduce students to some key global, ethical and organisational responsibility issues and begin to prepare them for the world of work.
This module also initiates students in the integrated approach...

...companies do not always compete on price .
Advantages of Oligopoly
Large firms having strong hold over the market are able to make huge profits as there are few players in the market.
In oligopoly, many times, products of two different competitive companies are derived out of one large firm. Therefore, whichever company makes the profit, it finally ends up as a profit of the parent firm.
Since companies in an oligopolistic market have full control over it, they are capable of deciding prices as per their choice. Though this practice is illegal, it works in favour of these businesses.
Dominant market players usually make long-term profits in an oligopolistic environment. This is possible because the market does not allow an old business to increase its share. It also prevents new players from entering the market through several barriers of entry.
Disadvantages of Oligopoly
Setting of prices may be advantageous for the firms, but if done unrealistically, it may prove to be a great disadvantage for consumers.
Creative ideas or plans of small businesses in the oligopolistic market fail to realize because they cannot overcome the control of major market players. Their realization is only possible when one of the major player adopts it for use.
Small businesses in an oligopolistic market fail to establish themselves as a brand because most of the market is captured by larger firms.
Imperfect or Monopolistic Competition
A type of market that does...

...out as sole traders or partnerships. They are mostly small scale operations and often run by family members. They form a limited company to:
1. Improve their financial security as the owners (now called shareholders) are no longer personally liable for the business debts. This is called limited liability. This means that if the company went out of business and left debts then the shareholders would only lose the money they put into the company. The company would go into liquidation.
2. Provide a better image to the customers who presume the business is more secure.
Benefits for the owners
The business can still stay small – many ltd businesses only have three or four shareholders. The minimum is one director and one shareholder and there is no upper limit on the number of shareholders.
The owners usually work in the business are interested in its success.
The shareholders are often directors and are responsible for running the business.
It is quite easy to set up a private limited company. In some cases the owners may only have invested £100 or £200 to start up.
Shares can only be transferred of all shareholders agree, they cannot be sold to the public. This means the owners have direct control over the business.
As the owners have limited liability they will never lose more that they have invested.
Banks are more willing to lend money to a limited company.
The...

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BusinessManagement obviously taught us in this class how to become strong minded, goal orientated, driven minded business people. But the lessons learned in BusinessManagement can also apply to life management as well as household management. Success is only as strong as the relationships we build around us. Many would agree, and few would disagree, that without strong fellow humans believing in us and loving us in our life we would wither away and become senseless lonely lost human beings. Family, friends, significant others, all contribute to success in life either professionally and or personally.
The biblical basis for business enterprise is quite easy to understand. It’s clearly stated in the bible to keep everything in perspective. God must be 1st. Business and profit must be a result of serving legitimate needs with value for a modest price. Its clear God wants us to work hard for our profit and not profit from the impoverished or those less fortunate. He wants us to conduct and practice honest, trustful, peaceful business practices without coerce and manipulation. He wants us to avoid the pitfalls of dishonest business practices that create sin and tempt us into greed and sloth. God expects us to practice love and respect for others and himself foremost. He expects...

...produce. Moreover, the other important feature of the IKEA furniture is flag packaging. The flag packaging concept helps IKEA to reduce storage space and freight costs and the most important purpose is to reduce the risk of damage of the inventories on logistic. Base on the concept, all of the IKEA ’s product and extremely simple and the packaging will design to be embedded between two shapes. Therefore, this can fully utilize the space.
III. Competition of IKEA
In Hong Kong, the biggest competitor of IKEA is Pricerite. IKEA is origin from Swedish at 1943. And Pricerite is origin from Hong Kong at 1986. Nowadays, IKEA has 349 stores in 43 major countries and city in the world whereas Pricerite has 32 stores in Hong Kong and has expand the business to South China. Although they are origin from different country, they are operating in a same category and market. They have the similar idea that is provide a solution of the furniture problem and giving a quality purchase experience to the customers. Also, they are selling different kinds of furniture and home furnishings which including large size of furniture, from a small group of assembled furniture, household goods etc. Both of them offer self-assembly furniture to the customer. However, Pricerite have the ready assembled furniture. The biggest advantage of IKEA is their scale is larger than Pricerite.
On the other hand, IKEA has also several competitors in oversea, such as B&amp;Q and HOLA. Most of them...

...﻿Business Description
Grills is a small chicken shop situated in Woolooware. It is a sole trade business that is run by a couple Spiro and Anastasia. The business is based on selling fast and easy foods to local and sometimes not so local people and is catered for families and also just individual people looking for something to eat, either something light and small or even a meal.
At Grills there is a wide range of affordable meals and snacks, it is tasty, fresh, hygienic and has fulfilling meals. The meals are easy to consume and they have just in time services. Grills is very tidy and has a orderly space set up for the customers.
Location
Grills is located on Wills Rd in Woolooware. The location of the shop is very convenient to local residents and other shops owners nearby. It is also convenient to school children as it is located right across the road from Woolooware Primary School and isn’t too far of a walk from Woolooware High School.
Strengths
Grills has some strengths some of which include that it has a success of having continual customers, good quality food, friendly staff, cleanliness of the shop, parking spaces provided and it is also easily recognisable through signage which is located out the front of the shop.
Management Approaches:
The management approaches used at Grills would be the planning, organising and controlling of the business. These...

...Standard level
What is business? It is an activity that combines inputs of raw materials, labor, machinery and enterprise through a productive process to create a useful output.
Management guru Peter Drucker said that the only purpose of a business is to satisfy the needs and wants of people, organizations and governments.
Needs: Basic necessities that a person must have in order to survive, e.g. food, water, warmth, shelter and clothing.
Wants: desires; e.g. a new mobile phone or a vacation. Wants are said to be infinite since people always want more than they need.
Market: a place or process where customers and businesses meet to trade. Such as a shop, restaurant or cinema.
A market can exist as a non-physical form such as e-commerce or using telephones to sell shares or motor insurance.
Customers: people or organizations that buy a product
Consumers: The ones who use the product
Types of products
All businesses produce goods and/or services
• Consumer goods: products that are sold to the general public rather than to other businesses.
• Capital goods (producer goods): products purchased by other businesses to produce goods and services.
• Services: intangible products provided by businesses.
Adding Value
• Businesses must add value in the production process.
• Added value is different between the value of inputs (the costs of production) and the...

...﻿The Formation, Management and Dissolution of Business Enterprises
Type of business organizations
Sole Trader it is any business which is owned by one person. This person may recruit employee. Owner is personally responsible for the debts the company and he has unlimited liability. These are such people who testify specialized services such as hairdressers, plumbers or photographers.
Partnership it is business that is owned by two or more people. These people put jointly in the business their money, skills and other resources. They separated the profits and losses among themselves according to the signed contract or proportionately.
Limited Companies meaning that the owners are not personally responsible for the company's finance and any debts, they have limited liability. We have two types of limited companies:
Public Limited Company (PLC) may have an unlimited number of shareholders and offers their shares on the stock exchange. It can be bought and sold by everyone. This company must have a minimum share capital in the amount of £50,000.
Private Limited Company (LTD) is usually set up by family or friends, they can’t sell their shares to the public. They may only sell their shares privately.
Advantages and disadvantages business organizations
Sole Trader
Advantages
small companies, which are quick and easy to set up
requires little capital
easy to...